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CDFA Revolving Loan Fund Finance Update - August 13, 2024

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Revolving Loan Funds Update
August 13, 2024
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Revolving Loan Fund Finance Update

Features

Unlock Funding Opportunities: Join Our Greenhouse Gas Reduction Fund Readiness Workshop!
Join CDFA for an exclusive online workshop that will dive deep into the Greenhouse Gas Reduction Fund (GGRF) and its pivotal components, including the $14 billion National Clean Investment Fund (NCIF) and the $6 billion Clean Communities Investment Accelerator (CCIA). The GGRF Readiness Workshop will equip you with the knowledge and tools needed to navigate and leverage these significant funding opportunities effectively. Don't miss out on the chance to enhance your funding strategy and boost your project's success!

Loans, Subsidies Approved to Support 301 Affordable Apartments in Milwaukee, WI
The Redevelopment Authority of the City of Milwaukee (RACM) board has been busy. The board approved three brownfield cleanup loans and two tax incremental financing (TIF) districts aimed at closing financing gaps in three proposed affordable housing complexes. In total, the funding would aid the development of 301 affordable apartments in Bronzeville and Walker's Point.

Join CDFA for Our Upcoming Intro Tax Credit Finance WebCourse
Register for CDFA's Intro Tax Credit Finance WebCourse, taking place on September 25-26. Join us in learning about the application of tax credit programs and their use in greater economic development finance efforts. Our panel of expert speakers will discuss tax credit programs, including new markets, low-income housing, historic preservation, and state-specific programs.

City of Springfield, MO Receives $1M EPA Grant for Brownfields Revolving Loan Program
The U.S. Environmental Protection Agency (EPA) awarded the City of Springfield with a $1 million check for its Brownfields Revolving Loan Program. Brownfields are properties whose redevelopment or reuse is complicated by potential contamination by lead, asbestos, petroleum, or other hazardous substances.

We Want to Hear from You! Help Identify Financing Tools for Missing Middle Housing
This year's class of CDFA Franzini Fellows is researching the various financing tools available for missing middle housing, affordable housing, and in particular, pocket neighborhoods. The Fellows are interested in learning about housing financing tools, as well as barriers and solutions to access to capital. By taking just a few minutes to complete this survey, you will lend your experience and industry knowledge to aid in the creation of systems and action plans that can be used for both developers and new homeowners. Thank you for your participation!

Tennessee Gov. Lee, TDEC Announce $7.1M in Loans for Water Improvements in Two Cities
Tennessee Governor Bill Lee and the Tennessee Department of Environment and Conservation (TDEC) Commissioner David Salyers announced a $1.42M loan for the City of Ripley to improve water infrastructure. The loan is one of two approved by the Tennessee Local Development Authority, with loans for the City of McMinnville and the City of Ripley totaling $7.12M. The funds come from the State Revolving Fund Loan Program.

Lawton, OK Receives $29M Water System Loan from Oklahoma Water Resources Board
The Lawton Water Authority (Authority) received approval for $29,000,000 in funding Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the Authority's water infrastructure. Construction of upgrades and improvements will be financed by the Oklahoma Drinking Water State Revolving Fund (DWSRF). Sen. Chris Kidd, R-Waurika said, "Lawton continues to repair and replace its aging water lines to ensure the city's drinking water remains pristine and readily available. I applaud the city for tackling these extensive infrastructure upgrades, and I appreciate the Oklahoma Water Resources Board for providing funding for this project."

City of Escanaba, MI Receives $18.9M From EGLE for Upgrades to Sanitary Sewer Lines
Escanaba is receiving $18.9 million for sanitary and sewer upgrades as part of a $27.1 million distribution of MI Clean Water grants to communities across the state. The MI Clean Water Plan grants aims to help communities upgrade aging infrastructure, ensure healthy drinking water, and protect Michigan's environment.

Upcoming Events
Intro Tax Credit Finance WebCourse

CDFA // BNY Development Finance Webcast Series: Financing Charter Schools with Social Bonds
August 20, 2024 - 2:00 PM - 3:00 PM Eastern
During this installment of the CDFA // BNY Development Finance Webcast Series, panelists will discuss how social bonds can be used to provide low-interest loans to high-performing public charter schools to provide transformative educational opportunities for students.

SSBCI Learning Series - Filling the Gaps with the Suite of SSBCI Technical Assistance Programs
September 3, 2024 - 2:00 - 4:00 PM Eastern
SSBCI 2.0 has provided three different sources of funding for a range of technical assistance. In this session, speakers will discuss how each program supports the other and explore best practices on how to maximize the impacts of each program.

Headlines

Updated Farm Loan Programs to Increase Financial Opportunities for Agricultural Producers
USDA | Aug. 7 | Access to Capital | Agriculture Finance | Federal | Revolving Loan Funds (RLFs) | U.S. Dept. of Agriculture (USDA)

Maryland DOT Seeks County Input on TOD Capital Grant and Revolving Loan Fund
Maryland Association of Counties | Aug. 5 | Access to Capital | Development Finance Toolbox | Infrastructure Finance | Revolving Loan Funds (RLFs) | State Finance Program

Affordable Housing Shortage: Louisville Mayor Greenberg Asks Kentucky Lawmakers for Help
WLKY | Jul. 29 | Access to Capital | Bond Finance | Community Development | Development Finance Toolbox | Housing Finance | Revolving Loan Funds (RLFs) | State Finance Program | Tax Credits | Urban Development

Revolving Loan Fund Would Give Incentives to Develop Deteriorating Areas in Lawton, OK
The Lawton Constitution | Jul. 27 | Access to Capital | Community Development | Development Finance Toolbox | Incentives | Revolving Loan Funds (RLFs) | State Finance Program

Illinois Distributes Over $43M From EPA to Replace Lead Service Lines
WIFR | Jul. 26 | Access to Capital | Infrastructure Finance | Revolving Loan Funds (RLFs) | U.S. Environmental Protection Agency (EPA)

Landmarks Illinois Awards $500K Loan to Chicago Nonprofit BandWith
Morningstar | Jul. 24 | Community Development | Redevelopment | Revolving Loan Funds (RLFs) | Urban Development

Revolving Loan Fund Awarded to Cattlemen's Cafe of Sidney, MT
roundupweb.com | Jul. 24 | Access to Capital | Community Development | Revolving Loan Funds (RLFs)

Wisconsin's Watertown Redevelopment Authority Announces Two Revolving Loan Recipients
Watertown Daily Times | Jul. 23 | Access to Capital | Redevelopment | Revolving Loan Funds (RLFs)

Kentucky OK's $3.5M in Agricultural Diversification Loans
The Lane Report | Jul. 22 | Access to Capital | Agriculture Finance | Revolving Loan Funds (RLFs) | State Finance Program

New Jersey is Hoping to Attract New Farmers With Incentives
northjersey.com | Jul. 22 | Access to Capital | Agriculture Finance | Revolving Loan Funds (RLFs) | State Finance Program

North Carolina Announces $253M for Drinking Water, Wastewater, and Stormwater Projects
North Carolina Governor's Office | Jul. 17 | Revolving Loan Funds (RLFs) | Water Finance

Hoober Inc. Gains $1.5M State Loan for New Leacock Township, PA Headquarters
Lancaster Online | Jul. 16 | Access to Capital | Agriculture Finance | Revolving Loan Funds (RLFs) | State Finance Program

Lynnfield, MA receives $15M loan for water plant from Massachusetts Clean Water Trust Board
Itemlive | Jul. 16 | Revolving Loan Funds (RLFs) | Water Finance

Hawai'i Pacific Health Provides Funding to Support Kaua'i Habitat for Humanity
Kaua'i Now | Jul. 15 | Access to Capital | Healthcare | Housing Finance | Local Finance Program | Revolving Loan Funds (RLFs)

Kentucky Agricultural Finance Corp Approves $1.5M in Loans
Morning AgClips | Jul. 14 | Access to Capital | Agriculture Finance | Revolving Loan Funds (RLFs) | State Finance Program



The Council of Development Finance Agencies (CDFA) is a national association dedicated to the advancement of development finance concerns and interests. CDFA is comprised of the nation's leading and most knowledgeable members of the development finance community representing public, private, and non-profit entities alike. For more information, visit www.CDFA.net or email info@cdfa.net


Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
info@cdfa.net

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CDFA National Sponsors

  • Alliant Insurance Services, Inc.
  • BNY Mellon
  • Bricker Graydon LLP
  • Business Oregon
  • CohnReznick
  • Frost Brown Todd LLP
  • Grow America | Formerly NDC
  • Hawes Hill and Associates LLP
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • McGuireWoods
  • MuniCap, Inc.
  • NW Financial Group, LLC
  • PGAV Planners, LLC
  • Raza Development Fund
  • SB Friedman Development Advisors
  • Stifel Nicolaus
  • The Bond Buyer
  • U.S. Bank
  • Wells Fargo Securities
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